Leghari says committee drawing up national policy, accelerating regulatory measures ISLAMABAD: Federal Minister for Energy (Power Division) Awais Ahmed Khan Leghari on Saturday said that BESS would play a pivotal role in Pakistan’s energy transition by enhancing grid stability, supporting greater integration of renewable energy and paving the way for widespread adoption of electric vehicles…
ISLAMABAD: As the government’s search for $10 billion cheaper financing continues to pay off expensive energy loans, the outstanding dues of China-Pakistan Economic Corridor (CPEC) power projects remained at Rs423 billion by June due to non-resolution of the late payment surcharge issue. After struggling to get loans from multilateral lenders, the government is looking to…
LAHORE: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said that significant progress is being made on the government’s Energy City project and several oil-producing countries have shown interest in storing oil in Pakistan in the wake of recent regional tensions. Speaking during his visit to the Lahore Chamber of Commerce and Industry…
Saqib says digital asset policy should follow Islamic principles while embracing emerging technologies Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib on Saturday met renowned Islamic scholar Mufti Taqi Usmani, with both sides holding a…
Research could help Pakistan cultivate marginal land, boost organic cotton production ANYANG: A Balochistan-born postdoctoral scientist has spent the past four years researching how cotton can withstand salt stress at a Chinese cotton research lab in Anyang, Henan province, a threat all too familiar to farmers back home. As a mainstay of Pakistan’s economy, cotton…
$26.5b share sale indicates investor enthusiasm for chip stocks despite recent pullback Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file BENGALURU: SK Hynix’s US-listed shares jumped 14% in their Nasdaq debut following its…
Karachi stocks. PHOTO: FILE KARACHI: The Pakistan Stock Exchange (PSX) rebounded on Friday, gaining over 980 points, as easing geopolitical tensions between the US and Iran lifted investor sentiment and reduced oil price concerns. The benchmark KSE-100 index rallied as much as 2,218 points intra-day before profit-taking trimmed some of the gains. Trading activity remained…
ISLAMABAD: The country’s economic managers expressed dismay over the absence of top officials of the Petroleum Division in a recent meeting and they refused to approve the tariff for indigenous gas supplied to liquefied natural gas (LNG)-based power plants amid the US-Iran war. A member of the Economic Coordination Committee (ECC) told The Express Tribune…
WoW index eases 0.45% as tomato, LPG, fuel prices drop; yearly inflation stands at 11.94% KARACHI: Pakistani households received some respite this week as the Sensitive Price Indicator (SPI) registered a notable decline of 0.45% for the week ended July 9, 2026, but the year-on-year reading remained in stubborn double digits. The decline offered partial…
Airport to be outsourced to private operator under long-term concession framework The ADB listed Pakistan among 60 nations that may face 10% to 12.5% additional US tariffs from July 24. It said recent policy developments indicate US trade restrictions are likely to remain broad despite the Supreme Court’s invalidation. photo:REUTERS ISLAMABAD: The Privatisation Commission Board…